11-03-2013, 12:17 AM
"If you were short, why wouldn't you cover?"
Other
If the shorts are hedged with multiple accounts, some long, some short, and are properly positioned with options, there is no need to cover. Good for tax planning as well.
Meanwhile, they can profit from options and running the pps up and down a bit as they have been doing. Notice that the mean pps is climbing though.
I believe they know a good deal or two, maybe even three, are coming noos and have been positioned for same for some time. Just MHO.
Other
If the shorts are hedged with multiple accounts, some long, some short, and are properly positioned with options, there is no need to cover. Good for tax planning as well.
Meanwhile, they can profit from options and running the pps up and down a bit as they have been doing. Notice that the mean pps is climbing though.
I believe they know a good deal or two, maybe even three, are coming noos and have been positioned for same for some time. Just MHO.